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The slowdown most experts expected has finally set in - Chinese GDP growth slowed to 7.5 percent in the second quarter, unhinging skepticism but hardly effecting stocks and indexes.
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7.5% is still an amazing growth rate. Compare that growth rate to the US, or the Eurozone.
In China also it's time administrators took advice from professional economic crisis specialists with a proven track record of positive results (instead of using "flawed" research produced by their Harvard lapdogs to support their untenable dogma). Like the Orlando Bisegna Index, specialists in the economic crisis, have developed a program that has helped various counties with debt problems and unemployment, thus improving the economic condition of a lot of families also.
As more global gas reserves come on line, Russia's deficit will widen. Russia is merely a nuisance
Russia's running deficits now, due to total dependence on extractive commodities.
USA spends at 100% GDP and set to negative path now.
19:36 Really? GDP growth in US and Russia are nearly on par. So what's Russia's problem?
21:01 No 1st world western countries have population growth above 1%. Your point is?
US is trying hard to imitate the growth by changing GDP methodology, playing with GDP deflator, etc.
Western theft-based economy can't exist without steady growth and expansion. It's dying now...
18:59 No, the growth slows as crisis evolves... You can't say today's growth is normal for the West.
18:47 The West doesn't want Chinese growth esp. if it means being able to chew the air outside
18:47 The West are mature economies. Growth slows as prosperity grows. 7.5% is unsustainable.
When you are rich increasing your wealth 1% is good. When a country is poor 10% growth is required.
7.5% growth - typical western propaganda. Here in the UK 1% growth is being hailed as a miracle
China should invade Afghanistan and Iraq.
It did wonders for the USA's economy - at first.
All the Bric countries growth is worse than expected. Africa is the new promised land
7.5% growth is sluggish? Well it may be sluggish for China but the Western developed countries would love to have that much growth.
Low wages & domestic consumption don't go hand in hand, China's middleclass is just far to small
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